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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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Dec 6, 2012
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president and speaker hold a fiscal cliff call. there is a problem, the white house doesn't want to budge. >> we face no agreement that doesn't involve the rates going up on the top two percent. >> gretchen: so is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights a
president and speaker hold a fiscal cliff call. there is a problem, the white house doesn't want to budge. >> we face no agreement that doesn't involve the rates going up on the top two percent. >> gretchen: so is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas...
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last time around the characterization of the phone call became a controversy in itself. i think it's pretty clear that the white house and republicans think the white house hand on this is strengthening. we see the polls that you mention, pew polls this week say americans trust the president more, assume if a deal is not reached -- trust the white house more, think if a deal isn't reached it, will be the fault of republicans and it is in fact easier for democrats to go over the fiscal cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last...
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they can staunch the bleeding from falling off the fiscal cliff if that happens. >> bret: ed, the former presidential candidate mitt romney was at the white house today. >> it's relatively brief. we had lunch with turkey chili and not business. president did have a specific job offer or anything for mitt romney. after the white house put out a statement to say they pledge to keep in touch if the opportunity arises down the road that sounded like not so much. >> bret: did biden bring by the apple pie? >> they may save that for a celebration if hay get a deal. >> all right, ed. thank you. >> major retailers are reporting weaker than expected holiday sales so far. november receipts are 1.7% over last year. that is well below the 4.5 to 5.5 predicted for holiday season. the economy grew at 2.7% in the third quarter better than the figure announced. the dow was up 37. the s&p 500 gained six. nasdaq finished ahead 20. syrian rebels struck a major blow in the heart of the government today killing a top ruling of the party in a car bombing and someone is cutting off internet and cell phone commu
they can staunch the bleeding from falling off the fiscal cliff if that happens. >> bret: ed, the former presidential candidate mitt romney was at the white house today. >> it's relatively brief. we had lunch with turkey chili and not business. president did have a specific job offer or anything for mitt romney. after the white house put out a statement to say they pledge to keep in touch if the opportunity arises down the road that sounded like not so much. >> bret: did biden...
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Nov 30, 2012
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the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and millionaires. it's a sad state of affairs. >> one thing that we've seen in the days leading up, at least through this week, that there has been optimism from both sides expressed by speaker boehner, also by the president, and also republican tom cole, congre congressman, seem to be on board. now we have conservatives like charles krauthammer putting out their pieces saying let's go over the fiscal cliff, let the president do this. then john cornyn, republican from texas, saying apparently the president wants us to go over the fiscal cliff. this is serious business, demanding higher taxes, more stimulus
the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and...
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Dec 1, 2012
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cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on the very rich. extending both the social security payroll tax break and unemployment benefits for next year. the government wants to -- the white house wants to defer the sequester for a year and then launch this new multi-year stimulus package that would be at least $50 billion last year, infrastructure spending. also get this, a permanent increase in the debt limit, and they would take the debt ceiling approval away from congress. robert reich, do you have any problems with all of these things? >> well, most of them are steps in the right direction. i think that actually taking the debt ceiling approval away from congress sounds radical but it really isn't. that's a technicality. you don't want the debt ceiling ever to be negated. you are don't want congress to ever say no because that's th
cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on the very rich. extending both the social security payroll tax break and unemployment benefits for next year. the government wants to -- the white house wants to defer the sequester for a year and then launch this new multi-year stimulus package that would be at...
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no matter how close the country comes to plunging off the fiscal cliff, topped a visors say the president will not budge until republicans acknowledge they will keep tax rates where they are for middle income families and raise them on households earning more than $250,000 a year. >> in washington nothing's easy so there's going to be prolonged negotiations. and all of us are going to have so get out of our comfort zones to make that happen. g'm willing to do that. i'm hopeful that enough members of con willing to do that as well. we can solve these problems. but where the clock is really ticking right now is on middle- class taxes. >> reporter: but the clock isng. the cold political reality is this: mr. obama is now on record seeking twice as much in higher tax revenue than the democratically controlled senate passed earlier this year with only 51 votes. tax increases that cannot pass ase senate have no chance in the house republican conference, which is why republicans regard the president's proposal and his heech today as more static than substance. >> pelley: major, thank you. well, t
no matter how close the country comes to plunging off the fiscal cliff, topped a visors say the president will not budge until republicans acknowledge they will keep tax rates where they are for middle income families and raise them on households earning more than $250,000 a year. >> in washington nothing's easy so there's going to be prolonged negotiations. and all of us are going to have so get out of our comfort zones to make that happen. g'm willing to do that. i'm hopeful that enough...
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insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >> ouch. athena jones live from washington. same old same old. where do we go from here? >> that's the big question. the nice talk after the election is pretty much gone away. you mentioned one of the big sticking points, that's taxes. republicans and democrats can't agree on how to raise the tax revenue? end the bush tax cuts for the wealthy, close the loopholes, raise the capital gains taxes or all of the above. right now, they can't agree on how much money should be
insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats...
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so are republicans going to have to give on raising rates? >> no. we're not, because where the president is focused in on is the affordable care act taxes they increase january the 1st on people making $200,000 or more. the president wants a rate increase coming in january on people making $200,000 or more and go into next year's negotiations on reforming the tax code and he's looking at a single year time period to have three tax increases on the same group of folks, we're saying that's dramatic on the economy, that will slow down development of our economy in a time we're looking to increase more jobs, why would we do this? how does this stimulate the economy and how does it solve the debt? the president's proposal is $160 billion of new taxes a year on a $1 trillion problem. we've got to get to the spending side. >> let me play for you what the president said about this. >> unfortunately, the speaker's proposal right now is still out of balance. he talks for example about $800 billion from revenues but says he's going to do that by lowering rates
so are republicans going to have to give on raising rates? >> no. we're not, because where the president is focused in on is the affordable care act taxes they increase january the 1st on people making $200,000 or more. the president wants a rate increase coming in january on people making $200,000 or more and go into next year's negotiations on reforming the tax code and he's looking at a single year time period to have three tax increases on the same group of folks, we're saying that's...
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>> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemployment insurance. they're like a doctor who diagnosed you with a severe ill sxns won't sign the precipitation to give you the medicine. they emphasize the joblessness problem, and they don't want to give you unemployment insurance and tell that to someone laid off sleeping in their car. >> with these jobs numbers, had hurricane sandy not struck how better would this report have been? >> a lot of this was construction job weakness. clearly, that will rebound. one of the unfortunate upsides of natural disaster is that you do, whether the states or federal governments do it or insurance companies, you have a lot of infrastructure spending as people rebuild from t
>> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemployment insurance. they're like a doctor who...
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. >> i think we're going over the cliff. >> as america edges closer to the "fiscal cliff" with though compromise in sight. >> if they are going to force higher rates on all americans, because they're unwilling to let tax rates go up on 2% of americans, then that's a choice we're going to have to make. >> i would say we're nowhere, period. we're nowhere! >> from across the bay to around the world... the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning, everyone. it's monday, december 3. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:31 now. and the rain is over for now. but boy, what a mess to clean up now. >> no kidding! one of the biggest is a large sinkhole on mountain view drive in lafayette. cbs 5 reporter elissa harrington explains it's a road hazard as well as a health and safety issue. elissa? >> yeah, good morning. this is some of the most extreme storm damage we have seen. a 20-foot sinkhole that opened in the lafayette neighb
. >> i think we're going over the cliff. >> as america edges closer to the "fiscal cliff" with though compromise in sight. >> if they are going to force higher rates on all americans, because they're unwilling to let tax rates go up on 2% of americans, then that's a choice we're going to have to make. >> i would say we're nowhere, period. we're nowhere! >> from across the bay to around the world... the stories that matter on "eyewitness news this...
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we heard the warnings of the so-called fiscal cliff and how it could damage the question. why are we in the situation. they agreed to extend it for two years. the rates expire on january 1st for everybody . in 2011, the president enacted a pay roll tax holiday . that goes away january 1st . deep spending cuts over the raising of the ceiling. they're designed to be painful and a way to force compromise and cut spending in congress. what is next. we may get an idea tomorrow morning. chris wallace will sit down with key players . an exclusive interview with house speaker john boehner . check for when fox news airs in your mexico is swearing in a new president hours ago . people are rioting in the streets over the news and questions about what it means for the relationship between the u.s. and mexico. 46 year old taking the oath of office promising a national transformation and a new program to prevent crime. as we reported over the yoors, 60,000 people have died in the drug war in mexico. it means a return to the pri party. that party was voted out of office after years of co
we heard the warnings of the so-called fiscal cliff and how it could damage the question. why are we in the situation. they agreed to extend it for two years. the rates expire on january 1st for everybody . in 2011, the president enacted a pay roll tax holiday . that goes away january 1st . deep spending cuts over the raising of the ceiling. they're designed to be painful and a way to force compromise and cut spending in congress. what is next. we may get an idea tomorrow morning. chris wallace...
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however, once we sail off the fiscal cliff, if they raise the income tax rates, some of these guys could wind up paying 43.4% on their income. so what are you going to do? pay 15% now or perhaps 43.4% later? costco is saying let's go ahead, let's get this out now and we can all be richer. >> gretchen: but why the story is so important is because this particular ceo spoke at the democratic national convention in support of the president and raising taxes. so some people might say this is hypocrisy in the sense that now he would do this dividend sale and cash in before he has to pay this higher tax rate. some people would say that that is hypocritical. >> brian: they've been downgraded by fitch as well as standards and poor is for doing this. >> gretchen: now the rest of your headlines. adult smuggler rams his boat into a federal boat off the coast of california near santa cruz island in the middle of the night. the coast guard intercepted two boats believed to be carrying marijuana. that's when the driver of one of the boats actually drove over the top of the coast guard boat, hitting two
however, once we sail off the fiscal cliff, if they raise the income tax rates, some of these guys could wind up paying 43.4% on their income. so what are you going to do? pay 15% now or perhaps 43.4% later? costco is saying let's go ahead, let's get this out now and we can all be richer. >> gretchen: but why the story is so important is because this particular ceo spoke at the democratic national convention in support of the president and raising taxes. so some people might say this is...
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speaking of the fiscal cliff, there has been all this focus on one dangerous man who stands in the way of a deal that could avert it. grover norquist is neither elected nor has he ever run for office, so why is washington so scared of him? >> taxes went up, spending didn't go down. >> he's been called a kingmaker, a patriot, and the ideological godfather of the tea party. since the mid'80s, grover norquist, the founder of americans for tax reform, has been the driving force behind the anti-tax movement. his goal, to take big government and in his words, drown it in the bathtub. norquist's weapon is the taxpayer protection pledge, which was at one point signed by 95% of gop members of congress. >> you raise your hand if you feel so strongly about not raising taxes. >> reporter: on the campaign trail this year, only one republican presidential candidate, jon huntsman, dared to cross him. norquist has clout. he's called the most powerful unelected man in america today. but since the november election, his fortunes have changed. >> i will violate the pledge. >> a pledge you sign 20 years a
speaking of the fiscal cliff, there has been all this focus on one dangerous man who stands in the way of a deal that could avert it. grover norquist is neither elected nor has he ever run for office, so why is washington so scared of him? >> taxes went up, spending didn't go down. >> he's been called a kingmaker, a patriot, and the ideological godfather of the tea party. since the mid'80s, grover norquist, the founder of americans for tax reform, has been the driving force behind...
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>> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the year. he thinks the white house has already wasted weeks because he does not think the proposal to avoid a fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> repo
>> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not...
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. >> i think we're going over the cliff. >> america edges closer to the "fiscal cliff" with no compromise in sight. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's the choice they are going to have to make. >> i would say we're nowhere, period. we're nowhere! >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning. it's monday, december 3. i'm hockey. >> michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:30. the rain is past for now but some of the effects continue from all the days of downpours last week. one of the biggest is a large sinkhole on mountain view drive in lafayette, a road hazard as well as a health and safety issue. cbs 5 reporter elissa harrington is live at the scene right now. luckily, no one was hurt. >> reporter: luckily nobody was hurt, but the sinkhole got close to homes. i want to sh
. >> i think we're going over the cliff. >> america edges closer to the "fiscal cliff" with no compromise in sight. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's the choice they are going to have to make. >> i would say we're nowhere, period. we're nowhere! >> from across the bay to around the world, the stories that matter on "eyewitness news...
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interesting fact as you think about the fiscal cliff and what's coming, you see people responding to it in their behavior around capital gains and dividends. companies are moving up dividends into this year to help vare shareholders take advantage of the lower rate. you see and i expect you'll see more investors realizing capital gains to get lower rate this is year. there's clearly money there and there's clearly money that has if you will, interesting distributional characteristicsing money from high income folks. if you think about an overall package and the political process, trying to structure a package with a revenue goal and distributional goal, my kind of political economic prediction is you'll see those increases occur. i personally would be surprised if thetive dend rate went back up to ordinary rates. if i remember correctly, the senate passed a bill in which they'd allow us to stay at the cap gains rate plus the health reform ones. the president in his early budgets actually proposed having dividends stay the same as capital gains rather than go to ordinary rates. my gue
interesting fact as you think about the fiscal cliff and what's coming, you see people responding to it in their behavior around capital gains and dividends. companies are moving up dividends into this year to help vare shareholders take advantage of the lower rate. you see and i expect you'll see more investors realizing capital gains to get lower rate this is year. there's clearly money there and there's clearly money that has if you will, interesting distributional characteristicsing money...
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let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
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cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to do that. >> absolutely. and that proposal to take away what has been historically a congressional prerogative was a little bit surprising even to people who have been reading about this stuff for years. is it true though, dana, as it has been in past years that both sides at least have to show their bases that they're fighting the good fight and that's part of what's going on here? >> reporter: absolutely. there's no question about it. what i mention in the piece really is a real phenomenon here when it comes to the feeling among congressional democrats that they ar
cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to...
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this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out
this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now...
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Dec 6, 2012
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. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck used to come to wyoming a great deal. he and his family, lovely people. i did not know he had passed. and to hear that music, it's iconic stuff. anyway. so it's good to sneak in and get made up, try to hide my identity. >> well, it's good to have you here. you say you're in the witness protection program because you've been out there on the issue of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secret
. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck...
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Dec 7, 2012
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on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big voices dug in. >> you had a fascinating interview with the head of the international monitoring fund, it will air sunday on "state of the union." let me play a clip. what happens in fiscal cliff negotiations in washington could have a huge impact around the world. >> there's still that degree of uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions because they don't know what tomorrow will be. they know that a fix has been found for today but there is still work to be done tomorrow and day after tomorrow. so it wou
on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but...
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Dec 6, 2012
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starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt the most. here's why. >> this single issue has a seismic affect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences, domestically and around the world, not the least of which will be the level -- the fracturing of confidence i
starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people,...
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Nov 30, 2012
11/12
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this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2 trillion dollars in defense cuts because he wants to cut the military and wants an unlimited credit card in terms being allowed unilaterally to raise the debt limit. he wants all of these things and he knows he will not get blamed for it. the republicans will get blamed for it no matter what happens. the gop will get blamed for it because the mia is protective the president. he has nothing to lose, jon. he is willing to go over the cliff. >> i think what he is say take us over the cliff and vote with the democrats and dare republicans not vote it for 90% of the americans wouldn't be affected by top two tax rates. politician long last realistic how to negotiate in washington he finally understands what you need to do is come and say this is my position. republicans give us your position and we'll negotiate that way as
this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2 trillion dollars in defense cuts because he wants to cut the military and wants an unlimited credit card in terms being allowed unilaterally to raise the debt limit. he wants all of these things and he knows he will not get blamed for...
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i don't think it will affect the fiscal cliff negotiations at all. we may go up to an 8% unemployment rate again. that's what we may do. it was 7.9 in october. it could be 8% in the number out today. >> brian: stewart, we're going to be watching this. we're going to be tossing to you to bring us the numbers as they come in for some instant analysis. so you'll small cast on the "fox business" network and our network. >> 8:30, we get the number this morning. >> brian: then you will change outfits, maybe hair styles and at 9:20 lost varney and company. >> totally different guy at 9:20. >> brian: thanks. have a great weekend. >> thanks. >> brian: i know you don't like to talk to me in the halls. coming up straight ahead, fema workers told to go sightseeing instead of helping sandy victims. that scary story ahead. then he was told he would never walk again. but the man you're about to meet is defying the odds. his motivation? to walk down the aisle. that story, more on that coming your way. i'm doing my own sleep study. advil pm® or tylenol pm. the advil
i don't think it will affect the fiscal cliff negotiations at all. we may go up to an 8% unemployment rate again. that's what we may do. it was 7.9 in october. it could be 8% in the number out today. >> brian: stewart, we're going to be watching this. we're going to be tossing to you to bring us the numbers as they come in for some instant analysis. so you'll small cast on the "fox business" network and our network. >> 8:30, we get the number this morning. >> brian:...
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Dec 5, 2012
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but to say with seven working days left and 27 total days until we go off the fiscal cliff, that's an interesting posture to take, so to speak. >> gretchen: some people in negotiations say seven days it a life -- is a lifetime. usually deals happen at the last minute. but be that as it may, the idea -- what he's doing now is he's living up to his campaign promise. one of the reasons he won this reelection, people would say, is because he talked a lot about this. he talked about let's tax the rich. let's have them pay their fair share, even though a lot of people would argue they are paying their fair share. but it appears to have worked. that's why he's stick to go this line of the some people disagree. congressman paul ryan and marco rubio said this. >> an election has come and gone. the people have made their choice. the policy makers still have a duty to choose between ideas that work and those that don't. when one economic policy after another has failed our working families, it's no answer to simply express compassion for them or to create more government programs that offer prom
but to say with seven working days left and 27 total days until we go off the fiscal cliff, that's an interesting posture to take, so to speak. >> gretchen: some people in negotiations say seven days it a life -- is a lifetime. usually deals happen at the last minute. but be that as it may, the idea -- what he's doing now is he's living up to his campaign promise. one of the reasons he won this reelection, people would say, is because he talked a lot about this. he talked about let's tax...
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Dec 2, 2012
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living on the edge we are weeks away from going over the fiscal cliff. so what does the president do? well, at the moment blame republicans. >> it is unacceptable for some republicans to hold middle class tax cuts hostage because they refuse to let the tax rates go up on the wealthiest americans. >> where is the compromise today? we will look for it. >> a shacking tragedy in the nfl. kansas city chief linebacker kills his girlfriend then himself. this morning disturbing new details coming to light. we will have a live report ahead. >> he gave a homeless man a pair of boots on a freezing night in manhatt manhattan. now the officer's single act of kindness keeps getting better. an update on this heartwarming story. fox and friends hour four starts right now. ♪ ♪ fox and friends >> we have an important story on autism coming up for you. there were big hearings on capitol hill this week that not many in the mainstream media really covered. congress people are trying to get answers for why there's been such a spike in the autism rate. >> that and more. pl
living on the edge we are weeks away from going over the fiscal cliff. so what does the president do? well, at the moment blame republicans. >> it is unacceptable for some republicans to hold middle class tax cuts hostage because they refuse to let the tax rates go up on the wealthiest americans. >> where is the compromise today? we will look for it. >> a shacking tragedy in the nfl. kansas city chief linebacker kills his girlfriend then himself. this morning disturbing new...
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Dec 4, 2012
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cliff if the republicans do not agree to raising income tax rates even though yesterday they agreed to these deductions and loopholes and getting rid of them, which essentially many people argue, would do somewhat of the same thing. your thoughts? >> right. so there are going to be consequences for syria if they use chemical weapons and the president thinks there is going to be severe consequences for the republicans if, in fact, we go over this precipice and raise your hand if you're tired of this cliche about the fiscal cliff. he thinks look, the republicans will suffer terribly, the country will be thrown into some turmoil, he thinks and he thinks he's the winner either way. it's easy for the president and his team to go out there and posture on this. but both sides are playing this game a little bit. the republicans are doing the same thing. they're play to go their base. they want to make sure that regardless of what ends up happening at the end, if a deal is struck, that they at least have the appearance of sticking to their principles. so i'm not really surprised that the pre
cliff if the republicans do not agree to raising income tax rates even though yesterday they agreed to these deductions and loopholes and getting rid of them, which essentially many people argue, would do somewhat of the same thing. your thoughts? >> right. so there are going to be consequences for syria if they use chemical weapons and the president thinks there is going to be severe consequences for the republicans if, in fact, we go over this precipice and raise your hand if you're...
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Dec 3, 2012
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cliff. the ball, timothy geithner's comments -- >> i i was -- i was flabbergasted. i said you can't be serious. >> if congress fails to act by the end year, tax rates will go up for everyone and across the board spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown, will be watching. >>> this month, the state is going to pay public schools and community colleges, the 1.9 billion it owes them. it is money that should have been paid out for over the summer but it was deferred until january. >> now, thanks to proposition 30, the state won't have to wait until then and then the schools will get another payment. >>> students in five states will be spending more time in school. select schools in colorado, connecticut, massachusetts, new york and tennessee, are scheduled to announce today, they
cliff. the ball, timothy geithner's comments -- >> i i was -- i was flabbergasted. i said you can't be serious. >> if congress fails to act by the end year, tax rates will go up for everyone and across the board spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown,...
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cliff is putting jobs here in california and alison burns has more on this. >> reporter: and secretary panetta has warned the fiscal cliff would hurt our national defense. he's expected to hold a news conference any minute now. he's getting the order from the white house to brace for massive budget cut us. now, the automatic spending cuts that would kick in if congress does not reach an agreement on the fiscal cliff would force the pentagon to slice about 10% of the budget. the defense industry projects one in five defense contracts in california would be lost. the aerospace industry is projecting that 135,000 department jobs would be cut along with 90,000 jobs for a total of about 225,000 jobs lost in california over the next few years. alison burns, ktvu channel 2 news. >>> 8:16. well, today will mark the 9 oth annual lighting of the national christmas tree. president obama and his family, they will flip a switch lighting that tree this evening. neil patrick harris, remember doogie howser? he will be hosting the event. james taylor and the fray will be among the group of perform. pre
cliff is putting jobs here in california and alison burns has more on this. >> reporter: and secretary panetta has warned the fiscal cliff would hurt our national defense. he's expected to hold a news conference any minute now. he's getting the order from the white house to brace for massive budget cut us. now, the automatic spending cuts that would kick in if congress does not reach an agreement on the fiscal cliff would force the pentagon to slice about 10% of the budget. the defense...
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house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it's unfortunate that the white house has spent three weeks doing basically nothing. >> i know what you heard there. but treasury secretary geithner said he does believe a deal can be reached by the end of the year. >>> member of the u.s. coast guard is dead after a suspicious boat rammed his small boat off the coast of southern california. chief petty officer terrell thorn was one of two coast guard members thrown off on impact. he suffered a traumatic head injury. the other coast guardsman was treated at a local hospital. coast guard says the suspicious vessel was intercepted, and the two people were detained. >>> we could find out later this morning if the supreme court will wade into the controversial issue of same-sex marriage. the court releases its orders list at 9:30 eastern time. and there is a possibility justices will hear cases that challenge th
house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it's unfortunate that the white house has spent three weeks doing basically nothing. >> i know what you heard there. but treasury secretary geithner said he does believe a deal can be reached by the end of the year. >>> member of the u.s. coast guard is...
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. >> well, nobody wants anyone to go off the fiscal cliff. and the reality is we have to look over the last two years. the republican party established themselves as the party that was willing to let americans entire credit rating go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more. it's the same thing the democrats did when bush won. you have to compromise with the party that just won. jason johnson, john brabender, thank you thank you both. >>> the new york film critics have made their choices for top films and many times they end up as oscar favorites. all the details next. all the details next. we are ga
. >> well, nobody wants anyone to go off the fiscal cliff. and the reality is we have to look over the last two years. the republican party established themselves as the party that was willing to let americans entire credit rating go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be...
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Nov 30, 2012
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that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
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Nov 29, 2012
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we have watched food statches go up and disability claims go up dramatically and looking at the fiscal cliff and talking about raising taxes that will not put a dent in the spending, so what is the answer? >> gretchen: the suggestion i make let's go back to the programs we had five or six years ago. there was a safety net five or six years ago. if you lost your job in 2006, you got some help but not the type of help people have got since then. we go back to that situation and maybe we have a hope much having a labor market go back to the way it was five or six years ago. >> gretchen: professor which politician, republican or democrat is going to be doing what you just said? >> not the ones from my district. >> gretchen: i mean, they are in eight bind are they not? republicans and democrats are in a bind. will be the one to come to the podium and say let's stop those unemployment benefits. >> it is a bind and the europeans worked it out before . they found helping for the unemployed is politically popular and economically damaging and they did it for decade upon decade and continue to d
we have watched food statches go up and disability claims go up dramatically and looking at the fiscal cliff and talking about raising taxes that will not put a dent in the spending, so what is the answer? >> gretchen: the suggestion i make let's go back to the programs we had five or six years ago. there was a safety net five or six years ago. if you lost your job in 2006, you got some help but not the type of help people have got since then. we go back to that situation and maybe we...